Stewardship Advisors LLC Makes New $4.14 Million Investment in JPMorgan High Yield Municipal ETF $JMHI

Stewardship Advisors LLC purchased a new stake in JPMorgan High Yield Municipal ETF (NYSEARCA:JMHI) in the 1st quarter, HoldingsChannel reports. The fund purchased 83,051 shares of the company’s stock, valued at approximately $4,138,000. JPMorgan High Yield Municipal ETF accounts for approximately 1.0% of Stewardship Advisors LLC’s portfolio, making the stock its 26th biggest holding.

Several other institutional investors have also recently made changes to their positions in JMHI. Cetera Investment Advisers grew its stake in shares of JPMorgan High Yield Municipal ETF by 22.1% in the 4th quarter. Cetera Investment Advisers now owns 421,177 shares of the company’s stock valued at $21,164,000 after buying an additional 76,158 shares during the period. JPMorgan Chase & Co. raised its stake in JPMorgan High Yield Municipal ETF by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 173,447 shares of the company’s stock worth $8,757,000 after buying an additional 35,110 shares during the period. LPL Financial LLC raised its stake in JPMorgan High Yield Municipal ETF by 19.1% during the 4th quarter. LPL Financial LLC now owns 145,969 shares of the company’s stock worth $7,335,000 after buying an additional 23,443 shares during the period. Prentice Wealth Management LLC boosted its holdings in JPMorgan High Yield Municipal ETF by 3.3% in the fourth quarter. Prentice Wealth Management LLC now owns 126,361 shares of the company’s stock worth $6,350,000 after acquiring an additional 4,078 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in JPMorgan High Yield Municipal ETF by 20.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 109,587 shares of the company’s stock worth $5,507,000 after acquiring an additional 18,686 shares in the last quarter.

JPMorgan High Yield Municipal ETF Price Performance

Shares of JPMorgan High Yield Municipal ETF stock opened at $50.38 on Tuesday. JPMorgan High Yield Municipal ETF has a 52 week low of $48.74 and a 52 week high of $51.19. The stock has a 50 day moving average price of $50.09 and a two-hundred day moving average price of $50.28.

JPMorgan High Yield Municipal ETF Company Profile

The JPMorgan High Yield Municipal ETF (JMHI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that primarily invests in US municipal securities of varying maturities, exempt from federal income tax. The fund seeks to provide a high level of current income from high yield securities. JMHI was launched on Jul 14, 2023 and is issued by JPMorgan Chase.